Maybe I am small minded, maybe not. One thing's for sure - Only...

Maybe I am small minded, maybe not. One thing's for sure - Only the small minded use Eleanor Roosevelt facebook inspiration quotes to avoid a line of questioning..

There is plenty of value in discussing people/character whether Eleanor likes it or not and especially when discussing stocks, where market sentiment is the biggest driver regardless of fundamentals and decisions made by people determine the future for a company and its shareholders.

The Idea -
CTL have over 500000 oz in the ground - they are identifying LOM extensions and currently producing everything out of A1 (which just picked up another 2-3 years on top of the current life) They have been actively exploring, while producing, and have developed a 2nd mine (at considerable cost to date) in Maldon - very close to a fully owned 150ktpa mill. They have upgraded their fleet and mining equipment and will be using backup gear from A1 at Maldon to keep costs down.


The Event -
Company pulls deal with PYBAR who dump 30m shares on market (a spite move as mentioned by many of you) sinking the price in last 12 months. Market doesnt like - capitulation event followed by side trading in the mid 1c range - Company recieves an unanticipated half a million dollar stamps bill around same time that they have oversized feed issues at mill shaving roughly 1000oz off the qtly total. Cost per ounce goes up to 1325 because of it - Gold price was floating around say roughly 1625 - normally we would see about 500 clear per ounce - this time 300 - we only produced 3000oz - at a higher cost - SO REVENUE for said qtr is down considerably. They project further development exploration, admin, prod costs at around 5m for next quarter. But they are light on cash at the end of this qtr to achieve the idea (worth noting that no negative cashflow was recorded in last qtry even though ounces were down, and costs were up) You are spitting the dummy because you didn't want an SPP - Nor did anyone bucko, but we got one, for a lowly $1m - keep your pants on!

The People -
Since taking over Aside from the last qtrs shortfall and this "troubling" SPP - Do you not think mgmt have been ticking boxes otherwise? Continued revenue and production growth qtr after qtr bar the last. Spending to develop multiple feed sources, extend current resources, make sure equipment and plant works, replacing where need be and staffing everything. Ultimately PEOPLE are the company and the reason we have something to invest in.

You have continually praised them up until recently. Up until the SPP was announced.

Is this now in a context you can understand? What has changed about this play, in your mind? Why have a buy sentiment still? Why not contact the company demanding an itemized income and expenditure statement and Inventory of all plant/equipment?

If you cant take accountability your own running commentary and ignore responses while also avoiding questions, suggesting that people are simply attacking you, you get the ignore list, no time for the narrow minded fools, who don't want to discuss grown up things, like grown ups and have a very limited scope of perception.

Have a lovely weekend.